S.W.A.G. (Silly Wild A$$ Guess) types of estimating shouldn't be a norm for a project. Rather, focus on controlling your estimating techniques so that 70% of projects, in certain industries, don't continue to come in over budget. There are four areas every business owner needs to manage when it comes to project costs:
Project estimating is much different than managing your own personal budget. Create a consistent method to manage your own project costs internally and for your client's projects. Time is money!
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